North Eastern Carrying Corporation Limited
NSE: NECCLTDLogistics Solution Provider
Share price
₹19.43
+6.12% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
42
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹194 Cr
P/E ratio
24.3
P/B ratio
0.9
ROCE
5.5%
ROE
3.6%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales fell 1.8% over the past year. Meanwhile what it keeps of every 100 rupees of sales slipped from 7.2% to 5.3% over the last two years.
Whether it grew faster than its sector
It grew -4.4% a year against a sector median of 9.8% — 14.2 percentage points slower.
Room to re-rate, or risk of de-rating
At 22.9× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 33.9×, across 5 companies. It is against its own five-year median of 31.8×, the 23rd percentile of its own range.
Whether growth justifies the valuation
Its earnings are falling, so growth cannot justify the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| North Eastern Carrying Corporation Limited — this one | -5%/yr | 22.9× | — |
| Shadowfax Technologies Limited | 41%/yr | 98.5× | ₹2.4 |
| Blue Dart Express Limited | -10%/yr | 33.9× | — |
| Transport Corporation of India Limited | 12%/yr | 14.4× | ₹1.2 |
| TVS Supply Chain Solutions Limited | 71%/yr | 78.0× | ₹1.1 |
| VRL Logistics Limited | -9%/yr | 18.6× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Logistics Solution Provider), it ranks 26 of 36 on returns, 32 of 35 on growth, 21 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 5.5% on capital, ahead of 28% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹100 crore of cash before any plant spend, funded from lenders and shareholders. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 116 days for its cash to waiting 235 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
6 of 9 checks clear · 67%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 4 Aug 2026 · Standalone · Unaudited
Revenue
₹76 Cr
Net profit
₹2 Cr
Net margin
2.7%
EPS
₹0.18
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹194 Cr
- Prev close
- ₹19.43
- 52w High
- ₹24.0
- 52w Low
- ₹10.6
- Enterprise value
- ₹309 Cr
- Beta
- 1.3
- Price CAGR 1y
- -5.0%
- Price CAGR 3y
- -6.0%
- Price CAGR 5y
- 2.0%
- Price CAGR 10y
- -6.0%
Ratios
- Return on assets
- 2.2%
- PEG ratio
- -5.1
- P/E ratio
- 24.3
- P/B ratio
- 0.9
- EV / EBITDA
- 19.2
- Industry P/E
- 24.7
- ROCE
- 5.5%
- ROCE 5y average
- 6.6%
- ROE
- 3.6%
- Debt / Equity
- 0.5
- Interest coverage
- 2.1
- Dividend yield
- 0.0%
- ROE 3y average
- 4.0%
- ROE last year
- 2.0%
Annual P&L
- Annual revenue
- ₹308 Cr
- Annual profit
- ₹8 Cr
- Operating margin
- 6.0%
- Net profit margin
- 2.6%
- EBITDA margin
- 5.8%
- Sales growth 3y
- 0.2%
- Sales growth 5y
- 5.9%
- Profit growth 3y
- -5.0%
- Profit growth 5y
- 28.0%
- EPS
- ₹0.8
- Sales growth TTM
- -2.0%
- Profit growth TTM
- -4.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹76 Cr
- Profit latest quarter
- ₹2 Cr
- YoY quarterly sales growth
- 9.4%
- YoY quarterly profit growth
- 12.9%
- OPM latest quarter
- 5.9%
Balance Sheet
- Book Value
- ₹22.7
- Face Value
- ₹10.0
- Total debt
- ₹124 Cr
- Total cash
- ₹10 Cr
- Borrowings
- ₹124 Cr
- Reserves / Equity
- 1.3
Cash Flow
- Operating cash flow
- -₹9 Cr
- Free cash flow
- -₹21 Cr
- FCF yield
- -16.1%
- Net cash flow
- -₹6 Cr
Shareholding
- Promoter holding
- 55.2%
- FII holding
- 0.0%
- DII holding
- —
- Public holding
- 44.8%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Container Corpn. | 445.85 | 27.3 | 33,957 | 1.93 | 268.9 | 0.1 | 2,159.8 | 0.3 | 12.6 |
| Delhivery | 407.50 | 256.5 | 30,595 | 0.00 | 31.9 | -65.0 | 2,930.7 | 27.8 | 1.0 |
| Shadowfax Technologies | 288.00 | 98.2 | 16,913 | 0.00 | 66.2 | 624.3 | 1,323.9 | 66.3 | 10.3 |
| Blue Dart Expres | 4,562.80 | 33.4 | 10,828 | 0.55 | 88.5 | 81.2 | 1,657.7 | 15.0 | 15.8 |
| Transport Corp. | 888.00 | 14.9 | 6,819 | 1.13 | 106.6 | -0.8 | 1,248.5 | 9.6 | 19.4 |
| TVS Supply | 130.67 | 81.3 | 5,764 | 0.00 | 22.5 | -84.3 | 3,335.2 | 28.7 | 10.1 |
| VRL Logistics | 284.95 | 18.6 | 4,985 | 1.75 | 80.5 | 60.9 | 878.8 | 18.1 | 18.3 |
| North Eastn.Car. | 19.38 | 25.4 | 203 | 0.00 | 2.0 | 12.9 | 75.6 | 9.4 | 5.5 |
| Median | 127.56 | 24.8 | 554 | 0.00 | 8.3 | 28.0 | 179.0 | 21.7 | 12.6 |
Competes with: Blue Dart Express Limited, Container Corporation of India Limited, Delhivery Limited, Shadowfax Technologies Limited, Shiprocket Limited, TVS Supply Chain Solutions Limited, Transport Corporation of India Limited, VRL Logistics Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 84 | 74 | 86 | 92 | 78 | 82 | 81 | 88 | 69 | 71 | 72 | 96 | 76 |
| Expenses | 79 | 69 | 79 | 87 | 70 | 75 | 76 | 86 | 64 | 68 | 65 | 94 | 71 |
| Material Cost | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Change in Inventories | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Employee Cost | 4.58 | 4.23 | 3.89 | 4.00 | 3.56 | 3.74 | |||||||
| Other Expenses | 81 | 60 | 64 | 61 | 91 | 67 | |||||||
| Operating Profit | 4.76 | 4.80 | 6.44 | 4.76 | 7.60 | 6.55 | 5.31 | 2.49 | 5.31 | 2.84 | 6.62 | 2.15 | 4.48 |
| OPM % | 5.68 | 6.50 | 7.52 | 5.18 | 9.79 | 7.99 | 6.55 | 2.83 | 7.68 | 4.01 | 9.20 | 2.23 | 5.93 |
| Other Income | 0.28 | 0.11 | 0.10 | 1.11 | 0.37 | 0.05 | 0.03 | 0.26 | 0.15 | 2.88 | 1.38 | 1.89 | 1.67 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest | 2.25 | 2.03 | 2.57 | 2.21 | 1.97 | 1.90 | 1.86 | 1.34 | 2.45 | 2.30 | 2.40 | 2.16 | 2.11 |
| Depreciation | 0.79 | 0.78 | 0.88 | 0.68 | 0.74 | 0.68 | 0.56 | 0.58 | 0.61 | 0.77 | 0.85 | 1.02 | 0.75 |
| Profit before tax | 2 | 2.10 | 3.09 | 2.98 | 5.26 | 4.02 | 2.92 | 0.83 | 2.40 | 2.65 | 4.75 | 0.86 | 3.29 |
| Tax % | 26 | 45 | 19 | 3.69 | 30 | 29 | 33 | -112 | 26 | 31 | 28 | 19 | 39 |
| Net Profit | 1.49 | 1.15 | 2.52 | 2.86 | 3.67 | 2.87 | 1.94 | 1.76 | 1.78 | 1.82 | 3.45 | 0.70 | 2.01 |
| EPS in Rs | 0.16 | 0.12 | 0.27 | 0.30 | 0.38 | 0.29 | 0.19 | 0.18 | 0.18 | 0.18 | 0.34 | 0.07 | 0.19 |
| Diluted EPS in Rs | 0.18 | 0.18 | 0.19 | 0.34 | 0.08 | 0.18 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 531 | 538 | 548 | 384 | 343 | 376 | 231 | 250 | 306 | 335 | 329 | 308 | 315 |
| Expenses | 511 | 518 | 528 | 369 | 328 | 358 | 222 | 235 | 286 | 314 | 306 | 290 | 298 |
| Material Cost | 0 | 0 | |||||||||||
| Change in Inventories | 0 | 0 | |||||||||||
| Purchases of Stock-in-Trade | 0 | 0 | |||||||||||
| Employee Cost | 19 | 16 | |||||||||||
| Other Expenses | 288 | 275 | |||||||||||
| Operating Profit | 20 | 21 | 20 | 16 | 15 | 18 | 9 | 15 | 20 | 21 | 23 | 18 | 16 |
| OPM % | 3.80 | 3.80 | 3.60 | 4.10 | 4.30 | 4.80 | 3.90 | 6 | 6 | 6 | 7 | 6 | 5 |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 0 | 0 | 2 | 1 | 6 | 8 |
| Exceptional items (within Other Income) | 0 | 0 | |||||||||||
| Interest | 9 | 10 | 9 | 7 | 6 | 7 | 7 | 6 | 8 | 9 | 8 | 10 | 9 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3.13 | 2.56 | 3.25 | 3 |
| Profit before tax | 9 | 9 | 9 | 6 | 7 | 9 | 1 | 6 | 9 | 10 | 13 | 11 | 12 |
| Tax % | 35 | 37 | 38 | 35 | 36 | 27 | -21 | 25 | 39 | 21 | 21 | 27 | |
| Net Profit | 6 | 6 | 6 | 4 | 5 | 6 | 1 | 4 | 6 | 8.02 | 10 | 7.75 | 8 |
| EPS in Rs | 0.58 | 0.59 | 0.59 | 0.41 | 0.47 | 0.67 | 0.15 | 0.45 | 0.60 | 0.84 | 1.03 | 0.78 | 0.78 |
| Diluted EPS in Rs | 1.03 | 0.78 | |||||||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- -5%
- 5 years
- 6%
- 3 years
- 0%
- TTM
- -2%
Compounded profit growth
- 10 years
- -2%
- 5 years
- 28%
- 3 years
- -5%
- TTM
- -4%
Stock price CAGR
- 10 years
- -6%
- 5 years
- 2%
- 3 years
- -6%
- 1 year
- -5%
Return on equity
- 10 years
- 4%
- 5 years
- 4%
- 3 years
- 4%
- Last year
- 2%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 95 | 100 | 100 |
| Reserves | 17 | 23 | 28 | 32 | 37 | 43 | 45 | 49 | 55 | 99 | 119 | 127 |
| Borrowings | 74 | 78 | 83 | 54 | 72 | 76 | 86 | 101 | 119 | 103 | 106 | 124 |
| Other Liabilities | 22 | 16 | 15 | 18 | 23 | 30 | 16 | 18 | 20 | 20 | 20 | 21 |
| Total Liabilities | 163 | 167 | 177 | 154 | 182 | 199 | 196 | 218 | 243 | 317 | 345 | 372 |
| Fixed Assets | 15 | 18 | 18 | 19 | 20 | 17 | 14 | 13 | 14 | 13 | 8 | 24 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 | 9 |
| Other Assets | 148 | 149 | 158 | 135 | 162 | 183 | 183 | 205 | 230 | 299 | 327 | 340 |
| Total Assets | 163 | 167 | 177 | 154 | 182 | 199 | 196 | 218 | 243 | 317 | 345 | 372 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | 2 | -2 | 34 | -13 | -4 | -11 | -10 | -14 | -46 | -21 | -9.01 |
| Cash from Investing Activity | -2 | -7 | -3 | -3 | -4 | -0 | 0 | -2 | -3 | -6 | -2 | -16 |
| Cash from Financing Activity | 2 | 4 | 5 | -30 | 19 | 4 | 10 | 15 | 18 | 65 | 17 | 19 |
| Net Cash Flow | 0 | -0 | 0 | 1 | 1 | -0 | 0 | 2 | 0 | 13 | -6 | -6 |
| Free Cash Flow | -1 | -5 | -5 | 31 | -17 | -4 | -11 | -13 | -18 | -48 | -23 | -21 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 78 | 81 | 84 | 93 | 117 | 112 | 165 | 154 | 138 | 131 | 138 | 154 |
| Cash Conversion Cycle | 78 | 81 | 84 | 93 | 117 | 112 | 165 | 154 | 138 | 131 | 138 | 154 |
| Working Capital Days | 33 | 35 | 39 | 61 | 66 | 69 | 116 | 116 | 119 | 178 | 209 | 235 |
| ROCE % | 12 | 13 | 11 | 9 | 8 | 10 | 5 | 6 | 8 | 7 | 7 | 5 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
1.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
total loans / revolving facilities outstanding at period end, the base of loan_default_cr
108cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
114inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about North Eastern Carrying Corporation Limited. Open one to see why it matters.
30 Sept, 18:00 IST · Company event · medium impact
North Eastern Carrying Corporation Limited has won a new order or contract
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Sells to
- APL Apollo Tubes Limited · freight forwarding, PTL/FTL road transportation and 3PL logistics services
- CavinKare Private Limited · freight forwarding, PTL road transportation and 3PL logistics services
- Dura-Line India Private Limited · freight forwarding and road transportation services (Orbia group conduit maker)
- FDC Limited · freight forwarding, PTL/FTL road transportation and 3PL logistics services
- GAIL India · ODC/bulk project logistics and road transportation services
- Hindalco Industries · freight forwarding, PTL/FTL road transportation and 3PL logistics services
- ITC Limited · freight forwarding, PTL/FTL road transportation and 3PL logistics services
- LG Balakrishnan & Bros Limited · freight forwarding, PTL/FTL road transportation and 3PL logistics services
- Mankind Pharma Limited · freight forwarding, PTL/FTL road transportation and 3PL logistics services
- Rungta Sons Private Limited · freight forwarding and bulk road transportation services (unlisted iron-ore/steel group)
- Rupa & Company Limited · freight forwarding, PTL/FTL road transportation and 3PL logistics services
- Sundaram Brake Linings Limited · freight forwarding, PTL/FTL road transportation and 3PL logistics services
- TVS Supply Chain Solutions Limited · freight forwarding, PTL/FTL road transportation and 3PL logistics services
- Tata Steel · ODC/bulk logistics for steel goods (Joda unit) plus a dedicated electric heavy-commercial-…
- UNO Minda Limited · ODC/bulk project logistics and road transportation services
- Win Medicare Private Limited · freight forwarding, PTL road transportation and 3PL logistics services
- ZF Commercial Vehicle Control Systems India Limited · freight forwarding, PTL/FTL road transportation and 3PL logistics services
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Services
- Industry
- Logistics Solution Provider
- Classification
- Services › Logistics Solution Provider
- ISIN
- INE553C01016
News impact
Big market events that reach North Eastern Carrying Corporation Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 7 rows from NSE's archive (replace 1, delete 0, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 3 Sep 2026 | N.E.C.C. SECURITIES PRIVATE LIMITED · Promoter Group | SELL | 5,00,010 | 0.85 |
| 29 Aug 2026 | N.E.C.C. SECURITIES PRIVATE LIMITED · Promoter Group | SELL | 5,00,000 | 0.88 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2614 Aug 2026
- Annual report · 2024-251 Sep 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.